New Delhi / Bloomberg Maruti Suzuki India Ltd. shares rose after the automaker posted revenue that beat analyst estimates as it sold more of the new Baleno hatchback and automatic variants of some existing models. The shares gained as much as 4.1 percent, the most intraday since April 13, in Mumbai trading. Total revenue in the quarter through March ...
Read More »Mitsubishi admits it conducted false mileage tests since 1991
TOKYO / AP Mitsubishi Motors Corp., the Japanese automaker that acknowledged last week that it had intentionally lied about fuel economy data for some of its models, said an internal investigation found such tampering dated back to 1991. President Tetsuro Aikawa told reporters on Tuesday the probe was ongoing, suggesting that more irregularities might be found. “We don’t know ...
Read More »S Korea vows to revamp ailing shippers, shipbuilders
Seoul / AFP South Korea vowed on Tuesday to restructure the country’s once formidable shipbuilding and shipping sectors, now crippled by mismanagement, slowing global demand and competition from Chinese rivals. Shipbuilders, including Hyundai Heavy Industries and Daewoo Shipbuilding and Marine, have racked up massive losses after slumping oil prices sapped demand for tankers and offshore drillers. The “Big Three†...
Read More »Obama, ‘allies’ eye Libya maritime mission to stop illegal migrants
Washington / AFP President Barack Obama’s challenge that Europe unite and shoulder more of the burden for its own security might soon be answered, in part, by a military mission off the Libyan coast. “Europe has sometimes been complacent about its own defense.†That was the staggeringly blunt criticism from Obama on Monday in Hanover, the last stop on ...
Read More »Yemeni forces take back coastal city from Al Qaida
SANAA / AP Forces loyal to Yemen’s internationally recognized government have retaken the southern coastal city of Mukalla, driving out Al Qaida militants a year after they captured it, security officials said on Tuesday. The Yemeni forces entered the city late on Monday, following days of heavy airstrikes by a Saudi-led coalition fighting on the side of President Abed ...
Read More »Regime air raids in Aleppo province kill 19
Aleppo / AFP Air strikes on rebel-held areas of Syria’s second city Aleppo and a town to its west killed at least 19 people on Tuesday, emergency workers said. The strikes came after rebel shelling killed at least 19 civilians in government-held districts of Aleppo on Monday and are the latest in a surge of violence in and around ...
Read More »Indonesia to hold talks after kidnappings at sea
JAKARTA / AP Indonesia’s president says the country will host talks with Malaysia and the Philippines this week to boost maritime security following the kidnappings at sea of Indonesians by suspected Abu Sayyaf militants. President Joko “Jokowi†Widodo said Tuesday that the meeting of foreign ministers and military chiefs will discuss joint patrols to protect shipping in waters between ...
Read More »Visa deal if Turkey meets all criteria: EU
Paris / AFP The EU’s top diplomat Federica Mogherini said on Tuesday that Turkey would only get visa-free travel to the bloc once it has met all the required criteria. Turkey has demanded its citizens be allowed to enter the European Union’s passport free Schengen zone without a visa by June, in exchange for it taking back migrants from ...
Read More »Ankara to use US rocket system in fight against IS
Ankara / AFP Turkey has struck a deal with the United States to deploy American light multiple rocket launchers on its border with Syria to combat the IS group, according to the foreign ministry. The High Mobility Artillery Rocket System (HIMARS) “will be deployed on the Turkish border in May as part of an agreement†with Washington, Foreign Minister ...
Read More »India asks Pakistan to curb ‘terror groups’
NEW DELHI / AP India on Tuesday asked Pakistan to rein in terrorist groups operating from its soil and targeting India, expressing dissatisfaction with action taken so far against suspects of an attack on an Indian air force base in January. During a meeting with visiting Pakistani Foreign Secretary Aizaz Ahmed Chaudhry in New Delhi, India said it emphasized ...
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